Gold forecast
Yesterday gold ( xauusd ) price cracked from 1286$ till 1268$ . We cashed this movement when we initiated our sell at 1276$ for target of 1268$ . Currently prices are trading at 1279$ . A good resistance on gold chart stands at 1292$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xauusd to zoom upto 1300$ – 1308$ today .
A good support on gold chart stands at 1266$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this precious metal to correct upto 1260$ – 1251$ today .
Gold forecast conclusion : Trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading today at 17.30$ . A good support on silver chart stands at 17.10$ . If traders manage to break this major support level and sustain trade beneath our support . Then expect xagusd to correct upto 16.90$ – 16.70$ today .
A good resistance on silver chart stands at 17.55$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to zoom upto 17.80$ – 18$ today .
Silver forecast conclusion : Trend is flat to positive for now .
More will update to our trading signal subscribers